Laserfiche WebLink
2022 BUDGET HIGHLIGHTS <br />$20,000 budgeted for future road <br />improvement projects. <br />Licenses and Permits decreased <br />3.36% based on past and current <br />development. <br />Fiscal Disparities decreased to <br />$13,231 or 10.21%. <br />2021 budget is a balanced budget. <br />2022 PROPERTY TAX LEVY <br />*Total Property Tax Levy of $558,210 <br />*A General Fund Operating Property <br />Tax Levy of $470,928 <br />Preliminary levy was $520,778 <br />A Debt Levy of $87,282 <br />2021 debt levy was $89,941 <br />Factors of Property Tax System <br />Ramsey County Assessor determines market <br />values. <br />Property class rates are established by the <br />State of Minnesota. <br />Class rates applied to market value establishes <br />tax capacity. <br />City establishes property tax levy. <br />Tax levy is divided by tax capacity value to <br />determine the tax rate. <br />Tax rate multiplied by individual tax capacity <br />determines amount of property taxes paid. <br />